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By the end of 2017, investment sales volumes were in the black thanks to an end-of-the-year surge, but the impact of the slowdown at the beginning of the year suppressed growth.
“Growth and development bode well for existing apartment properties such as Forest Hill Terrace,” says Gebroe-Hammer Associates executive vice president David Jarvis.
With Wilmer continuing to add hundreds of new jobs, there are additional housing needs for the area's workforce, which will be found in Liberty Crossing, along with retail and healthcare amenities.
Investors ranked Houston as a top five target for investment among US metros, whereby 88% of investors plan to either maintain or increase spending in 2018—up from 83% in 2017.